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FFX Fairfx Group Plc

124.50
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fairfx Group Plc LSE:FFX London Ordinary Share GB00BLS0XX25 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 124.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
124.00 125.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 124.50 GBX

Fairfx (FFX) Latest News

Real-Time news about Fairfx Group Plc (London Stock Exchange): 0 recent articles

Fairfx (FFX) Discussions and Chat

Fairfx Forums and Chat

Date Time Title Posts
22/7/201909:48FairFX Most Trusted Prepaid Card Provider “voted by customers”877
24/4/201907:14FairFX at the UK Investor Show-
27/1/201917:35Fair Bet?100

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Fairfx (FFX) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Fairfx (FFX) Top Chat Posts

Top Posts
Posted at 28/4/2019 12:00 by lomax99
IC comment:FairFX reassures with solid growthIncreasing competition in the payments market, along with the heightened uncertainty surrounding the UK's departure from the EU, have weighed on shares in FairFX (FFX), now well adrift of their high point in October last year. But the latest full-year results have reassured investors, judging by a double-digit rise in the share price on results day.After moving into statutory profitability in 2017, the group expanded an already sizable gross margin to 78.5 per cent. Adjusted cash profits were up sixfold to £7.5m, which management said reflected operational gearing "with a significant retention of revenue growth flowing down to profits". FairFX signed up its millionth customer in the year, and more than doubled the gross value of currency transactions and deposits to £2.3bn Progress appears to be holding up in the current year - revenues were up 43 per cent to £7m in the three months to March 2019, ahead of expectations.Broker Canaccord Genuity is forecasting adjusted cash profits of £12.9m in 2019, giving EPS of 6.5p, up from £7.5m and 3.9p in 2018 IC ViewThe group has agreed on commercial terms with Metropolitan Commercial Bank in the US, giving it access to the "latent demand" from US citizens and entities, which will undoubtedly raise expectations. However, competition has stiffened as the sub-sector continues to garner new entrants, even though the market is consolidating. Shares in FairFX are trading comfortably below their two-year average price to earnings ratio, relative to peers, but we remain on the sidelines until admin expenses fall as a proportion of revenue. Hold.
Posted at 26/4/2019 17:00 by 74tom
Yep, if you’re talking about the £526k trade @105.25 at 2.30pm, I’d say that’s an insti buy, if it was a sell there is no way the share price would have risen to 107.4 into close, the market makers would have dropped us to 100 or lower to try and generate buying to fill the sell.

Personally, I expect we’ll be back over 130 in the next couple of weeks, there was so much to like about today’s update!
Posted at 26/4/2019 14:00 by mrnumpty
I'm very pleased ( and relieved ! ) that my previous positive comments about our Company , when the share price was in the doldrums , have been vindicated . Someone who seems to only have made two posts at that time , a couple of day ago , is " mammyoko " . On 24/4/2019 , s/he posted twice : " Some chunky sales in the last few days . This has been a leaky company before " ( posted at 11.06 am ) ; " Sold out this morning . Don't like the price action given that it would seem that all the good news is already in the market " ( posted at 16.18 pm ) . Apart from the fact that FairFx had recently been tipped in both Small Company Share Watch and in the Daily Telegraph's Questor column , thanks too to " rathean " who commented ( at 16.26 on 24/4/2019 ) regarding " mammyoko " : " He's a shorter , random negative comments earlier without substance . All eyes on the morrow " . Well done to all who continued to hold .
Posted at 26/4/2019 11:31 by glaws2
Start of Cenkos Note

FY18A has been a transformational year for FFX in terms of financial and operational delivery. The company confirms today that FY19E has started positively with +43% rise in Q1 revenues. With further operating leverage to come through in FY19E, we see great value in the current share price.
Posted at 17/4/2019 19:52 by mrnumpty
My last post of today ( I promise ! ) . In my first post today , at 11.01 am , I referred to the flotation of Finable , which trades as Travelex . If one looks at the opening page on the website of Fair Fx , it seems that they offer far better currency rates than Travelex : whereas Fair Fx offers 1127.50 Euros for £ 1000 ( with no transaction fee ) , Travelex merely give 963.90 Euros ( with a transaction fee of 5.75% ) . Another reason to be cheerful : Crystal Amber have raised their holding on various occasions to the point that , according to the latest RNS on Fair Fx's web site ( dated 29/3/2019 ) , Crystal Amber now hold 24.07% ( I can't remember the point at which a major shareholder has to make a takeover bid , but 24.07% cannot be much below that , in other words Crystal Amber is now fully loaded ) . As I wrote earlier , I suspect that the recent selling is because , by pushing the share price to just below the psychologically important level of £ 1.00 , which many private investors would have chosen , the market makers have forced the automatic operation of stop losses .
Posted at 17/4/2019 14:55 by mrnumpty
Another error in my earlier text today : value of transactions by Fibablr / Travelex in 2018 was $ 114.5 bn ( NOT $ 124.5 bn , as I incorrectly wrote ) . Share price of FairFx is obviously disappointing at the moment , but I am certainly holding . The shares of the only other FX company in which I have a holding , namely Alpha FX , have , after a period of inactivity , started to increase nicely ( Alpha FX is not completely analogous to FairFx , as Alpha only deals with large business customers ) . As we know , and as my posts today have sought to show , FairFx has competitors . However , far more sophisticated investors than I have great faith in FairFx , such as Small Company Sgare Watch , which tipped the company only ten days ago at £ 1.02 . The SCSW article summarised by suggesting that there will soon be a positive RNS about progress in the USA . However , do your own research .
Posted at 13/3/2019 19:40 by discodave4
Cut out the beginning as didn't say much, basically take notice when reputable and large investors buy (i.e. Bernstein in this case)."The stock is FairFX, the foreign currency specialist, and Richard Bernstein, who holds it in the Crystal Amber investment trust, said he had bought more shares in the company following a fall in the price from 125p in mid-January to about 97p now.In fact, he is FairFX's largest shareholder and not far from the 29.9pc limit when takeover rules would force him to make a bid for the firm. "We first took a stake in March 2016 and have consistently added to it since," he said.FairFX deals in foreign currency in a variety of ways, including the provision of prepaid cards, selling currency for electronic transfer and the sale of bank notes in the traditional way. It also operates what amount to bank accounts, although it does not have a banking licence, and offers an expenses service to companies.All parts of the business have been growing well; sales rose from £8m in 2015 to £25.5m in 2018. It first made a profit in 2017, to the tune of £229,000 before tax, and last year made £6.9m.Last month the company said it had obtained faster payments settlement approval from the Bank of England. "This is a huge coup and we think the market is yet to wake up to the implications," the fund manager said.He attributed recent weakness in the shares to Brexit-related concerns, which had led to "weak holders selling out" of the stock. He added: "In our experience [foreign currency] activity picks up with sterling strength, so we're encouraged and see the fall in the shares as an opportunity."Read Questor's rules of investment before you follow our tips. See Questor's tips every day at twitter.com/DTquestorWhen it comes to valuing FairFX, we can use two methods. First, on the traditional price-to-earnings measure, the shares trade at 15 times predicted earnings for 2019 and about 11 times for 2020. The sharp fall from one year to the next reflects the high expectations for growth in profits and to Questor these numbers seem undemanding.We can also value the company with reference to the bidding war for Earthport, a rival firm. Mastercard and Visa both tabled offers and the latter is poised to succeed with a 37p-a-share offer that values Earthport at £247m."Earthport lost £7m last year whereas FairFX made £7m," Bernstein said. "But FairFX has a market value of just £151m." Of this figure, £10.7m can be attributed to the firm's net cash.This column's view is that FairFX could easily be next to fall to a bid but even if it remains independent there is excellent scope for growth in turnover, profits and the share price. The company does not pay a dividend but is able to reinvest its earnings in the business at a high rate of return, estimated at 21pc in 2020.Questor says: buy
Posted at 19/2/2019 09:22 by clanger66
Oh well Blackrock back selling again it seems. Todays announcement very positive in my opinion yet share price back to unchanged. Yesterday we seemed to get some respite, I guess due to the US holiday but today back to normal.
When I checked the holders list on the 31st January, Blackrock held around 8.8 million shares (filled on the 11th January). I've looked again today and their last filing (reported on the 1st Feb) showed a holding of 7.6 million shares.
A drop of 1.2 million shares.
Between the 11th January and the 1st Feb. FFX traded 3,775,000 shares so clearly Blackrock were around 30% of this volume. This is fairly standard volume participation that institutional holders tend to adhere to.
Since the 4th February (next trading date after Blackrocks last filing)and yesterday FFX have traded around 3,443,000 shares so I would wager That Blackrock have been around 1.1 million shares of this.
This would take their holding down to around 6.5 million shares so the BIG question is: Are they liquidating the whole position or just reducing.
Posted at 08/2/2019 13:30 by 11_percent
"O" trades are open market trades. If YOU buy or sell a share, you will see "O" beside your trade.


Have a look at the FFX trades for today. I see mine, and it has an "O" beside it.


AN "AT" trade is an Automatic Trade. This where you put a certain number of shares on the book, and set a price, at which to buy or sell. Eg, you can set a trade for BUY 1,000 shares in FFX at 95p. When 95p is hit, the are automatically bought for you. That will show as an "AT" trade......Automatic Trade.


Now what happens is, the scammers want to keep the share price at a certain level, say FFX at 89p. They use computer programs ALGOS to keep the price at that level. These trades show as "AT" trades.

Today, for FFX, we only "O" trades, as opposed to the rest of the week, where the share price was kept at 89p by the Algos, ie "AT" trades.

On top of this they set the Bid and Offer to show what they want, in this case, all sells.


SXX is good example of this. They are holding the share price at under 20p......and the algo is set for this. Most of the trades are "AT" trades, to keep the share price at just under 20p.
Posted at 21/2/2018 14:26 by fillipe
SCSW - around March 10 and we should see something from the monthly SCSW. Their last mention was 11/2017 November edition and the latest news from FFx should inspire their pen.

That could easily be quite a driver for the FFX share price

f
Fairfx share price data is direct from the London Stock Exchange

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